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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

, TRCO

Use TRNC

$32.05

-6.55 (-16.97%)

18:57
07/16/18
07/16
18:57
07/16/18
18:57

Sinclair Broadcast 'shocked and disappointed' by FCC Chairman Pai's statement

Sinclair Broadcast Group (SBGI) acknowledged a statement made by Chairman Ajit Pai of the Federal Communications Commission in which he announced circulation of a draft hearing designation order regarding Sinclair's pending acquisition of 100% of the issued and outstanding shares of Tribune Media Company (TRCO) and issued the following statement: "Sinclair was shocked and disappointed today by the news that FCC Chairman Pai was circulating an order proposing to designate our acquisition of Tribune for an administrative hearing. Although the actual Hearing Designation Order has not yet been released, press reports indicate that a leaked version of the HDO suggests that Sinclair may have engaged in misrepresentation or lack of candor. To the extent that the HDO does in fact include any such allegations, we deny such allegations in the strongest possible manner. Throughout the FCC review process of this transaction, we have had numerous meetings and discussions with the FCC's Media Bureau to make sure that they were fully aware of the transaction's structure and basis for complying with FCC rules and meeting public interest obligations. These structures are consistent with structures that Sinclair and many other broadcasters have utilized for many years with the full approval of the FCC. During these discussions and in our filings with the FCC, we have been completely transparent about every aspect of the proposed transaction. We have fully identified who the buyers are and the terms under which stations would be sold to such buyer, including any ongoing relationship we would have with any such stations after the sales. We have filed all relevant agreements documenting such terms as required by FCC rules. While we understand that certain parties which oppose the transaction object to certain of the buyers based on such buyers' relationships with Sinclair, a situation we are prepared to address if the FCC agrees with such views, at no time have we misled the FCC in any manner whatsoever with respect to the relationships or the structure of those relationships proposed as part of the Tribune acquisition. Any suggestion to the contrary is unfounded and without factual basis. We were heartened by the Statement released by Commissioner O'Rielly objecting to 'blindly sending decisions to the Commission's Administrative Law Judge.' While we understand that Commissioner O'Rielly was specifically objecting to the lack of defined timelines in the ALJ process, we hope that Commissioner O'Rielly and the other FCC Commissioners will also consider the appropriateness of blindly designating matters for hearing which have been fully disclosed to the FCC and which fully comply with FCC rules and widespread industry precedent." We are prepared to resolve any perceived issues and look forward to finalizing our acquisition of Tribune Media. The proposed merger of Sinclair Broadcast Group and Tribune Media will create numerous public interest benefits and help move the broadcast industry forward at a time when it is facing unprecedented challenges. We look forward to working with regulators to make the merger a reality."

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

TRCO

Use TRNC

$32.05

-6.55 (-16.97%)

  • 08

    Aug

  • 06

    Sep

SBGI Sinclair Broadcast
$29.10

-3.9 (-11.82%)

04/25/18
04/25/18
UPGRADE
Target $14

Overweight
Tegna upgraded to Overweight on expectations for improved sentiment at Stephens
As previously reported, Stephens analyst Kyle Evans upgraded Tegna (TGNA) to Overweight from Equal Weight, noting that the stock has been under "extreme pressure" since January, which has pushed its valuation to near a 5-year low and roughly in-line with affiliate broadcasting peers Nexstar (NXST), Sinclair Broadcast (SBGI) and Gray Television (GTN). He expects Sinclair's deal with Tribune Media (TRCO) to close in the July/August time frame, which, along with political ad spending should improve investor sentiment in the second half, Evans tells investors. He maintains a $14 price target on Tegna shares.
04/25/18
BNCH
04/25/18
NO CHANGE
BNCH
Buy
Sinclair divestiture news a 'much needed' sign of deal progress, says Benchmark
Benchmark analyst Daniel Kurnos said he assumes that Sinclair Broadcast's (SBGI) announcement of its expected station divestitures to satisfy regulatory bodies in the pending Tribune (TRCO) deal is the company's final expected station divestiture list. He doubts Sinclair would publish this list without implicit approval from the DOJ, added Kurnos, calling the announcement a "much needed public sign of progress." Kurnos, who expects Sinclair could generate at least $1.5B-$2B in proceeds, keeps a Buy rating on Sinclair shares.
05/07/18
DBAB
05/07/18
UPGRADE
Target $44
DBAB
Buy
Tribune Media upgraded to Buy on attractive risk/reward at Deutsche Bank
Deutsche Bank analyst Clay Griffin upgraded Tribune Media (TRCO) to Buy from Hold with an unchanged price target of $44. The analyst sees an attractive event driven risk/reward on the shares. He believes the Sinclair Broadcast (SBGI) merger has a "very high probability" of closing in late Q2, with the shares offering 14% upside based on the implied deal spread. Should the deal break, Griffin sees Tribune Media shares trading down to $28-$31.
05/14/18
RBCM
05/14/18
NO CHANGE
Target $38
RBCM
Outperform
Sinclair Broadcast price target lowered to $38 from $46 at RBC Capital
RBC Capital analyst Leo Kulp lowered his price target on Sinclair Broadcast (SBGI) to $38 after its Q1 earnings, saying that its results were similar to peers, but the core advertising trends remain challenging. The analyst also lowers his FY18 EBITDA forecast to $830M from $851M but keeps his Outperform rating, adding that the company generates significant cash flows, which is underappreciated by the market. Kulp further notes that Sinclair Broadcast can take advantage of the increased scale after its Tribune Media (TRCO) acquisition.
TRCO Use TRNC
$32.05

-6.55 (-16.97%)

05/07/18
DBAB
05/07/18
UPGRADE
Target $44
DBAB
Buy
Tribune Media upgraded to Buy from Hold at Deutsche Bank

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AT&T

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, FOX

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FOX

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AMZN

Amazon.com

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CMCSA

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0.11 (0.29%)

CMCSK

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$0.00

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DDAIF

Daimler AG

$0.00

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FCAU

Fiat Chrysler

$16.46

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F

Ford

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GM

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HMC

Honda

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NSANY

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$0.00

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TM

Toyota

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VLKAY

Volkswagen

$0.00

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NYT

New York Times

$26.30

-0.2 (-0.75%)

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    Oct

NVS

Novartis

$87.74

0.52 (0.60%)

, DBVT

DBV Technologies

$16.70

0.31 (1.89%)

04:55
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Conference/Events
American College of Allergy, Asthma & Immunology to hold a meeting »

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NVS

Novartis

$87.74

0.52 (0.60%)

DBVT

DBV Technologies

$16.70

0.31 (1.89%)

REGN

Regeneron

$345.10

3.56 (1.04%)

SHPG

Shire

$175.59

-3.39 (-1.89%)

TEVA

Teva

$22.25

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SNY

Sanofi

$45.11

0.56 (1.26%)

GSK

GlaxoSmithKline

$40.35

-0.06 (-0.15%)

AZN

AstraZeneca

$40.67

-0.685 (-1.66%)

CHD

Church & Dwight

$65.42

-0.39 (-0.59%)

BSX

Boston Scientific

$37.22

0.75 (2.06%)

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    Mar

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    May

MSI

Motorola Solutions

$129.97

0.72 (0.56%)

18:48
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    Nov

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PCG

PG&E

$24.39

6.62 (37.25%)

18:23
11/16/18
11/16
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18:23
Periodicals
CPUC isn't ruling out board shuffle, breakup for PG&E, Bloomberg says »

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ABX

Barrick Gold

$13.04

0.05 (0.38%)

18:00
11/16/18
11/16
18:00
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18:00
Periodicals
Barrick Gold looking to add more copper, bullion assets, Reuters reports »

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WTR

Aqua America

$33.05

0.165 (0.50%)

17:57
11/16/18
11/16
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Hot Stocks
Aqua America CEO acquires over 25,000 common shares »

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

, XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

17:39
11/16/18
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17:39
General news
Week ending ETF scorecard: Real Estate leads, Consumer Discretionary slumps »

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

XLU

Utilities SPDR

$54.86

0.77 (1.42%)

XLI

Industrial Select Sector SPDR

$72.00

(0.00%)

XLV

Health Care Select Sector SPDR

$92.05

0.91 (1.00%)

XLF

Financial Select Sector

$26.78

0.03 (0.11%)

XLP

Consumer Staples Sector SPDR

$56.04

0.15 (0.27%)

XLE

Energy Select Sector SPDR

$67.23

0.76 (1.14%)

XLC

Communication Services Select Sector SPDR Fund

$44.88

-0.2 (-0.44%)

XLK

Technology Select Sector SPDR

$68.22

-0.1 (-0.15%)

XLY

Consumer Discretionary Sector SPDR

$106.37

-0.43 (-0.40%)

GLD

SPDR Gold Shares

$115.56

0.82 (0.71%)

SLV

iShares Silver Trust

$13.55

0.115 (0.86%)

USO

United States Oil Fund

$12.07

0.08 (0.67%)

UNG

United States Natural Gas Fund

$35.43

3.63 (11.42%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.24

-0.27 (-0.32%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$111.73

0.23 (0.21%)

TLT

iShares 20+ Year Treasury Bond Fund

$114.65

0.61 (0.53%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.13

0.3 (0.30%)

SHY

iShares 1-3 Year Treasury Bond

$83.13

0.08 (0.10%)

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
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Hot Stocks
Aquestive receives CRL from FDA for tadalafil oral film »

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  • 19

    Jan

DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
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Hot Stocks
Daktronics adopts new shareholder rights agreement »

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  • 21

    Nov

TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
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11/16
17:33
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Gubitosi viewed as frontrunner for Telecom Italia CEO job, Reuters says »

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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
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Hot Stocks
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PLUG

Plug Power

$1.83

(0.00%)

17:28
11/16/18
11/16
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17:28
Syndicate
Breaking Syndicate news story on Plug Power »

Plug Power files to sell…

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
11/16/18
11/16
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17:22
Syndicate
Breaking Syndicate news story on GlobalSCAPE »

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EQIX

Equinix

$388.18

2.67 (0.69%)

17:19
11/16/18
11/16
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17:19
Hot Stocks
Equinix's Lee sells 2,792 common shares »

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  • 26

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

17:17
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Hot Stocks
Lockheed Martin awarded $282.09M Naval Sea Systems Command contract »

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TLGT

Teligent

$2.56

0.045 (1.79%)

17:16
11/16/18
11/16
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Hot Stocks
Teligent receives notification of deficiency from Nasdaq »

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

17:16
11/16/18
11/16
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17:16
Syndicate
Breaking Syndicate news story on Staffing 360 Solutions »

Staffing 360 Solutions…

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  • 19

    Nov

IMMR

Immersion

$9.56

-0.14 (-1.44%)

17:12
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Breaking Hot Stocks news story on Immersion »

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ATNX

Athenex

$11.95

0.74 (6.60%)

17:10
11/16/18
11/16
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17:10
Hot Stocks
Breaking Hot Stocks news story on Athenex »

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  • 27

    Nov

  • 02

    Dec

TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
11/16/18
11/16
17:08
11/16/18
17:08
Recommendations
Tesaro analyst commentary at Piper Jaffray »

Piper Jaffray says…

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  • 03

    Dec

EEI

Ecology & Environment

$10.50

-2 (-16.00%)

17:05
11/16/18
11/16
17:05
11/16/18
17:05
Hot Stocks
Ecology & Environment receives noncompliance notice from Nasdaq »

Ecology and Environment…

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AEE

Ameren

$69.29

0.01 (0.01%)

16:58
11/16/18
11/16
16:58
11/16/18
16:58
Hot Stocks
Ameren exec Nelson sells $690,000 worth of common shares »

Ameren SVP, general…

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EQS

Equus II Inc

$1.86

(0.00%)

16:56
11/16/18
11/16
16:56
11/16/18
16:56
Hot Stocks
Equus II Inc reports net assets of $46.6M as of September 30 »

Equus Total Return…

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

16:56
11/16/18
11/16
16:56
11/16/18
16:56
Hot Stocks
Breaking Hot Stocks news story on Vapotherm »

Redmile Group reports…

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  • 14

    Nov

COTY

Coty

$9.09

0.39 (4.48%)

16:55
11/16/18
11/16
16:55
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16:55
Hot Stocks
Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

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